FXTM RATING -OVERALL SCORE {77.6%} (?)
FXTM is an ECN/STP Forex Broker offering 50 Forex pairs and covering a wide selection of trading options.
■ Deposit Requirements: 10 USD
■ Funding: Cards | Bank Wire | Neteller | Skrill | Western Union | Bitcoin | QIWI | DotPay | Yandex
■ Platforms: MetaTrader-4 | MetaTrader-5 | WebTrader | Mobile Traders
■ Customer Support: English | Arabic | Chinese | Russian | Spanish | French | +MORE
FXTM RATING SUMMARY
The following table contains FXTM's rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.
| FOREX BROKER RATING | (MAX 100%) |
|
95.6% |
|
55.4% |
|
74.1% |
|
92.2% |
|
77.80% |
| TRADING EXPERIENCE | |
|
76.7% |
|
71.2% |
|
69.8% |
| TRADING STYLE | |
|
76.9% |
|
75.0% |
|
43.8% |
FXTM DETAILED RATING REVIEW
| FXTM RATING ANALYSIS | ||||
| FXTM TOTAL RATING | 100.0% | FXTM | ||
| 77.76% | FULL ANALYSIS | |||
| A. FXTM SAFETY OF FUNDS | MAX WEIGHT→ | 28.0% | 26.76% | Rating the FXTM Safety |
| A.1 FXTM License / Regulation | FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | MiFID (EU) = +0.5% rating | 10.0% | 10.00% | FXTM is regulated by the FCA (UK) License 777911 = 10% rating | and CySEC Liicense 185/12 = 6.0% rating | Total (max) = 10.0% |
| A.2 FXTM Client Compensation in Case of Insolvency | Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% |
5.0% | 4.00% | FXTM offers client compensation (in case of insolvency) up to 20,000 EUR through ICF = 4.0% rating |
| A.3 FXTM Country of Headquarters | UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% | 5.0% | 5.00% | FXTM is based in Cyprus = 3.0% rating |
| A.4 FXTM Years in the Market | 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% | 5.0% | 5.00% | FXTM was found in 2007 (10+ years) = 5.0% rating |
| A.5 FXTM Client Account Segregation | Client bank account segregation = 2.5% rating | No = 0.0% | 2.5% | 2.50% | FXTM provides full client bank account segregation = 2.5% |
| A.6 FXTM Web Ratings | ForexPeaceArmy Rating = 0.5% rating | 0.5% | 0.26% | FXTM ForexPeaceArmy Rating is 2.6/5.0 = 0.26% rating |
| A.7 (+) FXTM ADJUSTING RESULTS | ||||
| A.7.1 FXTM Corporate Size | 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating | 1.0% | 0.00% | FXTM handles less than 250,000 accounts = 0% Rating |
| B. FXTM TRANSACTION COST | MAX WEIGHT→ | 28.0% | 15.50% | Rating the FXTM Transaction Cost |
| B.1 FXTM spread on EURUSD | <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% | 7.0% | 2.00% | Typical FXTM EURUSD spread is 1.8 pip = 2.0% rating |
| B.2 FXTM spread on GBPUSD | <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating | 4.5% | 0.50% | Typical FXTM GBPUSD spread is 3.0 pips = 0.5% rating |
| B.3 FXTM spread on USDJPY | <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating | 4.5% | 2.00% | Typical FXTM USDJPY spread is 1.8 pips = 2% rating |
| B.4 FXTM Trade Commissions | No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating | < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating | 7.0% | 7.00% | No commissions on tested account type |
| B.5 FXTM Overnight (SWAP) rates | Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.75% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% | 2.0% | 0.00% | FXTM rollover on a Long EURUSD trade worth 1 lot ($100,000) is -$13.5 | FXTM rollover on a Short EURUSD trade worth 1 lot ($100,000) is +$6.1 | Total cost in absolute value is $7.4, rating = 0.00% |
| B.6 FXTM Commissions on Funding | No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating | 2.0% | 2.00% | FXTM charges no withdrawal commissions = 2.0% rating |
| B.7 FXTM Inactive Fees | No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating | 1.0% | 0.00% | FXTM charge an Inactivity Fee {inactivity fee 5 euro/monthly after 6 months of inactivity} = 0.0% rating |
| B.8 (+) FXTM ADJUSTING RESULTS | ||||
| B.8.1 FXTM Execution Model | ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating | 2.0% | 2.00% | ECN Order Execution Model = +2% rating |
| C. FXTM TRADING OPTIONS | MAX WEIGHT→ | 28.0% | 20.75% | Rating the FXTM Options for Traders |
| C.1 FXTM Forex Asset Index | 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+ Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating | 8.0% | 8.00% | FXTM offers 48 Forex pairs = 8.0% rating |
| C.2 FXTM CFDs | CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% | 2.5% | 2.50% | FXTM provides trading on CFD contracts = 2.5% rating |
| C.3 FXTM CFDs on Futures | CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating | 1.5% | 0.00% | No CFDs on Futures = 0.0% rating |
| C.4 FXTM Free Practice Account | Practice Account = 2.0 % rating, No = 0.0 % rating | 2.0% | 2.00% | FXTM Provides a Demo account = 2.0% rating |
| C.5 FXTM Trading Leverage | Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating | 1.0% | 0.00% | 30:1 max Trading Leverage = 0.0% rating |
| C.6 FXTM Bonus/Rebate Promotions | 5.0% | |||
| C.6.1 FXTM Welcome Bonus (%) | Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating | 0.00% | No Welcome Bonus = 0.0% rating | |
| C.6.2 FXTM Trading Rebate (%) | Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating | 0.00% | FXTM Offers no trade rebates = 0% rating | |
| C.7 FXTM Min. Account Size | Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating | 2.0% | 2.00% | The min. deposit amount is $10 = 2.0% rating |
| C.8 FXTM Number of Deposit Methods | For every deposit method = 0.5% rating | max = 5 methods | 2.5% | 2.50% | FXTM offers 5+ deposit methods = 2.5% rating |
| C.9 FXTM Number of Withdrawal Methods | For every withdrawal method = 0.5% rating | max = 5 methods | 2.5% | 2.50% | FXTM offers 5+ withdrawal methods = 2.5% rating |
| C.10 Minimum Stop-Order Levels (in pips) | 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating | 1.0% | 1.00% | FXTM offers 1-2 pips minimum stop-out order distance = 1.00% rating |
| C.11 (+) FXTM ADJUSTING RESULTS | ||||
| C.11.1 Offering more than 100 Forex Pairs | Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating | 1.0% | 0.00% | 48 Forex Pairs = +0% rating |
| C.11.2 Paying Interest on unused funds | Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating | 0.5% | 0.00% | No = 0% |
| C.11.3 FXTM Contests | Contests = 0.25 % rating | No = 0 % rating | 0.25% | 0.25% | Demo Forex Trading Contest = +0.25% |
| D. FXTM TECHNOLOGY | MAX WEIGHT→ | 16.0% | 14.75% | Rating the FXTM Technological Efficiency |
| D.1 FXTM Trading Platforms Availability | For every Platform = 1.0% | max = three (3) platforms | 3.0% | 3.00% | 3 trade platforms: MetaTrader-4, MetaTrader-5, WebTrader = 3.0% rating |
| D.2 Trading-On-Charts | Offering Trading-On-Charts = 1.0 rating | No=0% | 1.0% | 1.00% | FXTM is offering 'Trading-On-Charts' = 1.0% rating |
| D.3 FXTM Slippage on Execution | Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating | 1.0% | 0.75% | FXTM Slippage on execution is less than 1.25 pip = 0.75% rating |
| D.4 FXTM Automated Trading Allowance | Automated Trading is Allowed = 2.0 % rating / No = 0 % rating | 2.0% | 2.00% | FXTM allows automated trading = 2.0% rating |
| D.5 FXTM MT4 Platform Availability | MT4 is Provided = 2.0 % rating / No = 0 % rating | 2.0% | 2.00% | FXTM offers the MT4 platform = 2.0% rating |
| D.6 FXTM Mobile Apps | iOs= 1% rating | Android = 1% rating | Windows Mobile is 0.5% rating | max = 2% rating points | 2.0% | 2.00% | FXTM offers apps for iPhone and Android = 2.0% rating |
| D.7 FXTM Allowing Scalping / Hedging | Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating | 1.0% | 1.00% | FXTM fully allows Scalping and Hedging = 1.0% rating |
| D.8 FXTM Customer Service | 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating | 4.0% | 3.00% | FXTM offers 24/5 support = 0%, via eMail, Phone, Live Chat | Total rating is 3.0% |
| D.9 (+) FXTM ADJUSTING RESULTS | ||||
| D.9.1 FXTM PAMM / MAM Accounts | PAMM / MAM Accounts = 0.5% rating | No = 0 % rating | 0.5% | 0.00% | No = +0% |
| D.9.2 FXTM Free VPS | Free VPS = +0.5% rating | No = 0 % | 0.5% | 0.00% | No = +0% |
| D.9.3 FXTM API Trading | API trading = 0.5 % rating | No API = 0.0 % rating | 0.5% | 0.00% | No API interface = +0.0% |
| TOTAL FXTM RATING | 77.76% | |||
FXTM LICENSES AND LEGAL INFORMATION
■ FXTM is regulated by CySEC (No 185/12) and FCA UK (No 777911)
■ FOREX RATINGS: ► IC MARKETS | ► FXOPEN | ► FP MARKETS | ► FBS Group | ► AXI RATING
■ COMPARE: » BROKERS DIRECTORY | » AUTOMATED TRADING SYSTEMS
□ FXTM Rating Review
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